Can I retire at age 68 with 2,150,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$177,545$175,964$174,421$172,915$171,444$166,826
2 years$87,894$86,257$84,670$83,132$81,640$77,020
3 years$58,014$56,370$54,787$53,263$51,796$47,319
4 years$43,077$41,438$39,871$38,373$36,941$32,642
5 years$34,117$32,488$30,942$29,474$28,082$23,972
6 years$28,145$26,529$25,005$23,571$22,220$18,304
7 years$23,882$22,279$20,780$19,379$18,071$14,348
8 years$20,686$19,097$17,623$16,257$14,992$11,460
9 years$18,201$16,627$15,178$13,847$12,625$9,281
10 years$16,215$14,656$13,233$11,936$10,757$7,598
11 years$14,590$13,048$11,650$10,388$9,252$6,271
12 years$13,238$11,711$10,339$9,112$8,017$5,210
13 years$12,094$10,583$9,237$8,044$6,991$4,352
14 years$11,115$9,620$8,300$7,141$6,128$3,651
15 years$10,267$8,788$7,494$6,368$5,396$3,073
16 years$9,525$8,063$6,794$5,702$4,769$2,595
17 years$8,872$7,425$6,182$5,123$4,229$2,196
18 years$8,292$6,861$5,644$4,617$3,760$1,862
19 years$7,773$6,359$5,166$4,172$3,351$1,582
20 years$7,307$5,909$4,742$3,779$2,993$1,346
21 years$6,886$5,504$4,361$3,429$2,679$1,146
22 years$6,504$5,138$4,020$3,118$2,401$977
23 years$6,155$4,805$3,711$2,840$2,155$834
24 years$5,836$4,502$3,432$2,590$1,937$712
25 years$5,543$4,225$3,179$2,365$1,743$609
26 years$5,273$3,971$2,948$2,163$1,570$520
27 years$5,023$3,737$2,738$1,980$1,416$445
28 years$4,792$3,522$2,545$1,814$1,277$381
29 years$4,577$3,322$2,369$1,663$1,153$326
30 years$4,376$3,137$2,206$1,526$1,042$279
31 years$4,189$2,966$2,057$1,402$942$239
32 years$4,014$2,806$1,919$1,288$852$205
33 years$3,850$2,658$1,792$1,185$771$175
34 years$3,696$2,519$1,674$1,090$698$150
35 years$3,551$2,389$1,565$1,003$633$129
36 years$3,415$2,268$1,464$924$573$110
37 years$3,286$2,154$1,370$852$519$95
38 years$3,164$2,047$1,283$785$471$81
39 years$3,049$1,946$1,202$724$427$70
40 years$2,939$1,852$1,127$667$387$60
41 years$2,836$1,763$1,057$616$351$51
42 years$2,737$1,679$991$568$319$44
43 years$2,644$1,599$930$525$289$38
44 years$2,555$1,525$873$484$263$32
45 years$2,470$1,454$820$447$238$28
46 years$2,389$1,387$770$413$217$24
47 years$2,311$1,324$723$382$197$20
48 years$2,237$1,264$680$353$179$17
49 years$2,167$1,207$639$326$162$15
50 years$2,099$1,153$601$301$147$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,150,000, adding $4,300 every year, while hoping to spend $29,953 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/17/20 Blend
67$2,150,000$2,150,000$2,150,000$2,150,000
68$2,373,735$2,259,785$2,226,460$2,510,835
69$2,583,987$2,338,645$2,269,177$2,682,575
70$2,814,680$2,420,365$2,312,321$2,866,307
71$3,067,868$2,505,054$2,355,874$3,066,272
72$3,345,813$2,592,824$2,399,819$3,284,058
73$3,651,007$2,683,793$2,444,134$3,521,412
74$3,986,194$2,778,084$2,488,797$3,780,256
75$4,354,398$2,875,822$2,533,783$4,062,706
76$4,758,949$2,977,140$2,579,068$4,371,095
77$5,203,518$3,082,176$2,624,622$4,707,987
78$5,692,146$3,191,071$2,670,416$5,076,208
79$6,229,286$3,303,976$2,716,417$5,478,871
80$6,819,846$3,421,043$2,762,590$5,919,403
81$7,469,232$3,542,435$2,808,898$6,401,577
82$8,183,398$3,668,319$2,855,300$6,929,549
83$8,968,906$3,798,868$2,901,755$7,507,899
84$9,832,987$3,934,265$2,948,216$8,141,667
85$10,783,605$4,074,698$2,994,634$8,836,408
86$11,829,537$4,220,363$3,040,959$9,598,240
87$12,980,454$4,371,464$3,087,135$10,433,900
88$14,247,010$4,528,216$3,133,104$11,350,814
89$15,640,945$4,690,838$3,178,803$12,357,157
90$17,175,194$4,859,562$3,224,166$13,461,938
91$18,864,011$5,034,628$3,269,123$14,675,081
92$20,723,102$5,216,286$3,313,600$16,007,519
93$22,769,771$5,404,797$3,357,518$17,471,297
94$25,023,087$5,600,432$3,400,794$19,079,685
95$27,504,062$5,803,472$3,443,341$20,847,301
96$30,235,847$6,014,214$3,485,064$22,790,255
97$33,243,955$6,232,962$3,525,865$24,926,291
98$36,556,498$6,460,037$3,565,641$27,274,963
99$40,204,453$6,695,770$3,604,282$29,857,813
100$44,221,953$6,940,509$3,641,671$32,698,577